Home sales are at multi-decade lows due to high home prices and 7% mortgage rates.
Prospective homebuyers, or homeowners looking to refinance, will need to be patient. Recent volatility aside, there tends to ...
These are today's mortgage and refinance rates. Mortgage rates remain elevated thanks to uncertainty around how inflation will trend in the coming years.
However, despite the increase in rates, applications increased for the first time in seven weeks.” The refinance share of ...
While tiny, the week’s increase in total application volume marked the first rise in overall demand in seven weeks.
To better understand the future direction of mortgage rates, we need to understand what factors influence them.
A year ago, the index stood at 170.5. Key details: The purchase index - which measures mortgage applications for the purchase of a home - rose 1.9% from a week prior. The refinance index fell 1.5% ...
Jumbo 30-year refinance rates showed a more modest rise of 7 basis points. Occasionally some rate averages show a much larger ...
Rocket Companies, Inc., parent of Rocket Mortgage, reported its highest adjusted earnings in two years for the third quarter ...
Mortgage refi rates have fallen for a second day, lowering the 30-year average to its cheapest level since mid-October. Most ...
On a similar note... Equity is the market value of your home minus what you owe. You can borrow against it by getting a second mortgage or cash-out refinance. A home equity line of credit and a ...